Taiwan Used Vehicle Market Outlook to 2025
By Type (Sedans, SUV’s, Hatchbacks, MPVs, LCVs and Others), By Vehicle Age, By Cities, By Organized and Unorganized, By Brand (Toyota, Mitsubishi, Honda, Nissan, Mercedes Benz, Mazda and Others), By Distance Driven and By Price Range
Region:Asia
Author(s):Shivangi Sneha
Product Code:KR918
November 2019
152
About the Report
Taiwan Used Vehicle Market Overview and Size
Taiwan Used Vehicle Market Segmentation
By Type of Vehicle: Sedans accounted for highest market share in 2018. Sedans remained the most popular car type as they are perceived as conferring a higher social status. SUV’s accounted the second highest market share followed by Hatchbacks and Multi-Purpose Vehicle (MPV’s), Light Commercial Vehicles (LCVs) and others.
By Vehicle Age: Used cars under the age bracket of 2-4 years accounted for highest market share in 2018 due to the average ownership period of 3.4 years in Taiwan. The sale of used cars is followed by 0-2 years of vehicle age as these cars have heavy body type, better engine capacity (high horse power) and have high re-sale value.
By Cities: High population and developed infrastructure, Taichung City, New Taipei City and Taoyuan City accounted for the highest share in terms of sales volume in 2018. Kaohsiung City, Taipei and Tainan along with other cities contributed the remaining share in total sales volume of used Vehicles in the country.
By Price Range: The average ticket size of used cars in Taiwan is growing over the years. The price range of NTD 250,000– NTD 550,000 accounted for highest percentage share due the faster replacement rate along with the depreciation charged over the years on new vehicles.
By Distance Driven: The preferred mileage of the used car in Taiwan is 45,000 kilometers. Vehicles with the mileage in the range of 20,000-50,000 Kilometers accounted highest market share followed by the range of 50,000-80,000 Kilometers, 80,000 – 120,000 Kilometers and others in the year 2018.
By Brand: Japanese brands are the most preferred brands in Vietnam due to their strong brand preference, reliability, longer life span, and higher re-sale value of the used cars. Toyota dominated the market by accounting highest market share followed by Mitsubishi, Honda and Nissan in terms of sales volume. Other brands such as Mercedes Benz, Mazda and Ford captured the remaining market share of used cars sales volume in 2018.
Competitive Landscape
Taiwan Used Car Market Future Outlook
Key Topics Covered in the Report
- Taiwan Used Vehicle Market Overview and Genesis (Overview and Genesis, Business Cycle Graph)
- Taiwan Used Vehicle Market Value Chain Analysis
- Taiwan Used Vehicle Market Business Model
- Used Vehicle Market Size Taiwan
- Taiwan Used Vehicle Market Segmentation
- Ownership Transfer of Registration Certificate
- Buying Decision Parameters in Taiwan Used Vehicle Market
- Trends and Developments in Taiwan Used Vehicle Market
- Issues and Challenges in Taiwan Used Vehicle Market
- Taiwan Used Vehicle Market Regulations
- SWOT Analysis Taiwan Used Vehicle
- Taiwan Used Vehicle Market Competition Scenario
- Taiwan Used Vehicle Market Future Projection, 2018-2025F
- Future Outlook of Taiwan Used Vehicle Market Segmentations, 2018-2025F
- Analyst Recommendations
Scope of the Report
Products
Key Target Audience
- OEM’S Companies
- Multi Brand Dealers
- Captive Dealers
- Venture Capitalist Firms
- Government/ Regulatory Authorities
- Online Auto-Classifieds
Time Period Captured in the Report:
- Historical Period: 2013-2018
- Forecast Period: 2019F-2025F
Companies
Key Segments Covered
- Organized Players
- Unorganized Players
- Multi-Brand Dealers
- Captive Dealers
- Auction Dealers
- Sedans
- SUV’s
- Hatchbacks
- MPVs
- LCV’s
- Others
- 0-2 Years
- 2-4 Years
- 4-6 Years
- More than 6 Years
- Taichung City
- New Taipei City
- Taoyuan City
- Koahsiung City
- Taipei
- Tainan
- Hsinchu
- Others
- Less Than NTD 150,000
- NTD 150,000- NTD 250,000
- NTD 250,000- NTD 550,000
- NTD 550,000- NTD 750,000
- More Than NTD 750,000
- Less than 5,000 kms
- 5,000- 20,000 kms
- 20,000-50,000 kms
- 50,000- 80,000 kms
- 80,000- 120,000 kms
- Above 120,000 kms
- Toyota (Lexus)
- Mitsubishi
- Honda
- Nissan
- Mercedes Benz
- Mazda
- Others
- 8891.com
- All Best Choice
- Lexus Toyota
- Jaguar Approved
- Mitsubishi MPO
- Ford Assured
- Audi Approved Plus
- Das Welt Auto
- Land Rover
- Porsche Approved
- SUM
- SAVE
- Hot Car
- Car OK
Table of Contents
1. Executive Summary
Competition Scenario
2. Research Methodology
2.1. Market Definitions and Size
2.2. Abbreviations
2.3. Market Sizing And Modeling
2.4Research Methodology
2.5Market Sizing Approach
2.6Variables Dependent And Independent
2.7Multifactor Based Sensitivity Model
2.8Limitations
2.9Conclusion
3. Taiwan Used Vehicle Market Introduction (Overview and Genesis, Business Cycle Graph)
3.1. Overview and Genesis (Market Evolution and Genesis, Market Overview and Structure, Popular Brands, Market Stage, Ratio of New Vehicle sold to Used Vehicle, Comparison With Other Markets)
3.2. Business Cycle (Emerging, Growing and Declining Phase)
4. Taiwan Used Vehicle Market Ecosystem (Major Online Companies, Dealers and Banks)
5. Taiwan Used Cars Market Value Chain Analysis (Value Chain Process, Role of Entities and Problems and Issues in the Value Chain)
6. Business Models Prevalent in Taiwan Used Vehicle Market
6.1. Organized and Unorganized Dealers
6.2. Multi-Brand and Captive Dealers
6.3. Online Classifieds
7. Taiwan Used Vehicle Market Size, 2013-2018
7.1. By Gross Transaction Value and Sales Volume, 2013-2018
8. Taiwan Used Vehicle Market Segmentation, 2013-2018
8.1. By Distribution Channel (Organized Dealers and Unorganized Dealers), 2013-2018
8.1.1. By Organized Distribution Channel (Multi-Brand Dealers, Captive Dealers and Auction Car Dealers), 2018
8.2. By Type of Vehicle (Sedan, SUV, Hatchback, MPV, LCV, Others), 2018
8.3. By Vehicle Age (0-2 Years, 2-4 Years, 4-6 Years, More Than 6 Years), 2013 and 2018
8.4. By City (Taichung City, New Taipei City, Taipei City, Taoyuan City, Kaohsiung, Tainan, Hsinchu and Others), 2018
8.5. By Price Range (Less than NTD 150,000, NTD 150,000-NTD 250,000, NTD 250,000-NTD 550,000, NTD 550,000-NTD 750,000, More Than NTD 750,000), 2018
8.6. By Distance Driven (Less than 5,000 KM, 5,000-20,000 KM, 20,000- 50,000 KM, 50,000-80,000 KM, 80,000- 120,000 KM, Above 120,000 KM), 2018
8.7. By Brand (Toyota, Mitsubishi, Honda, Nissan, Mercedes Benz, Mazda, Ford, BMW, Volkswagen, Hyundai and Others), 2013 and 2018
9. Snapshot of Taiwan Used Vehicle Finance (Value Chain and Cross Comparison)
10. Buying Decision Parameters for Used Vehicle Market in Taiwan
11. Trends and Developments in Taiwan Used Car Market
11.1Emergence of Certified Pre-Owned Car Dealers
11.2Increasing Dominance of Alliances
11.3Government Scrappage Program
11.4Increasing Presence of Online Classifieds
11.5Brand Coscious Buyers in Taiwan
11.6Improving Used to New Vehicle Ratio
12. Issues and Challenges in Taiwan Used Vehicle Market
12.1Fraud and Forgery in The Market
12.2Lack of Confidence in Buying Used Cars from Unoranized Players
12.3Increasing Average Ticket Size
12.4Irregular Prices
12.5Registration Process
13. Government Regulations in Taiwan Used Cars Market
13.1. Import Regulations of Automobile To Taiwan (Overview, Cost of Import, and Shipping Details)
13.2. Ownership Transfer Registration of Vehicles in Taiwan (Overview, Documents Required, Average Fee Charged, Important Information, Vehicle Inspection Rules, Required Documents for Vehicle Inspection, Fee for Vehicle Inspection)
13.3. Emission Control in Taiwan
14. SWOT Analysis of Taiwan Used Vehicle Market
15. Comparative Landscape in Taiwan Used Vehicle Market
15.1. Competition Scenario Of Multi Brand Dealers (Heat Map, Cross Comparison and Strengths and Weakness)
15.1.1. Heat Map of Multi-Brand (SAVE, SUM, Hot Cars, Cars OK, Easy Car) Dealers (Vehicle Inspection, Valuation of a Vehicle, Car Finance Service, After Sale Service, Car Warranty Service, Certification, Customer Consulting Service)
15.1.2. Cross Comparison of Multi-Brand Dealers (Number of Listings, Brands, Parent Company, Inspection Checks, Finance Facility, Warranty, Regional Presence and Services)
15.1.3. Strengths and Weakness of Multi-Brand Dealers (SAVE, SUM, Car OK, Easy Car and HOT Car)
15.2. Competition Scenario Of Online Classifieds (Heat Map, Cross Comparison and Strengths and Weakness)
15.2.1. Heat Map of Online Classified Companies (Vehicle Inspection, Valuation of a Vehicle, Car Finance Service, After Sale Service, Car Warranty service, Auction Service, Premium Listing Service, Customer Consulting service)
15.2.2. Cross Comparison of Online Classified Companies (Number of Listings, Business Model, Inspection Checks, Finance Facility, Warranty and Services)
15.2.3. Strengths and Weakness of Online Classified Companies (8891.com and All Best Choice)
15.3. Competition Scenario Of Captive Dealers (Heat Map, Cross Comparison and Strengths and Weakness)
15.3.1. Heat Map of Captive Dealers (Vehicle Inspection, Valuation of a Vehicle, Car Finance Service, After Sale Service, Car Warranty service, Certification, Customer Consulting Service)
15.3.2. Cross Comparison of Captive Dealers (Basis of Number of Listings, Brands, Inspection Checks, Finance Facility, Warranty and Services)
15.3.3. Strength and Weakness of Captive Dealers (Lexus CPO, Mitsubishi, Ford Assured, Jaguar Approved, Audi Approved, Volkswagen (Das Welt Auto), Land Rover, Porsche Approved Pre-Owned Cars)
16. Company Profiles of Taiwan Used Vehicle Market
16.1. Company Profiles of Multi Brand Dealers (SUM, Hot Cars, SAVE, Car OK, Easy Car) (Company Overview, Business Verticals, Services Offered, Guarantees and Other Schemes)
16.1.1. SUM
16.1.2. Hot Cars
16.1.3. SAVE
16.1.4. Car Ok
16.1.5. Easy Car
16.2. Company Profiles of Online Classifieds (All Best Choice and 8891.Com) (Company Overview, Number of Used Car Listings, Number of Dealer’s Listings, USP, Average Daily Time on Site, Number of Unique Users Per Day, Daily Page Views, Bounce Rate and Services Offered)
16.2.1. All Best Choice (Online Classified)
16.2.2. 8891.com
16.3. Company Profiles Of Captive Dealers (Toyota Lexus, Jaguar Approved, Ford Assured, Audi Approved Plus, Das Welt Auto, Mitsubishi, Land Rover, Porsche Approved) (Company Overview, Services Offered, Vehicle Portfolio, Number of Dealerships, Number of Vehicles Listed)
16.3.1. Lexus CPO
16.3.2. Jaguar Approved
16.3.3. Ford Assured
16.3.4. Audi Approved Plus
16.3.5. Volkswagen Original Certified Cars (Das Welt Auto)
16.3.6. Mitsubishi Pre-Owned
16.3.7. Land Rover
16.3.8. Porsche Approved
17. Taiwan Used Vehicle Market Future Outlook and Projections, 2018-2025F
17.1. By Gross Transaction Value and Sales Volume, 2018-2025F
18. Taiwan Used Vehicle Market Segmentation Future Outlook and Projections
18.1. By Distribution Channel (Organized Dealers and Unorganized Dealers), 2025F
18.1.1. By Organized Distribution Channel (Multi-Brand Dealers, Captive Dealers and Auction Car Dealers), 2025F
18.2. By Vehicle Age (0-2 Years, 2-4 Years, 4-6 Years, More Than 6 Years), 2018- 2025F
18.3. By Brand (Toyota, Mitsubishi, Honda, Nissan, Mercedes Benz, Mazda, Ford, BMW, Volkswagen, Hyundai and Others), 2025F
19. Analyst Recommendations
Suggeston 1: Managing Trust and Complexity Through Customer Lifecycle
Suggestion 2: Re-designing Distribution Network
Suggestion 3: Implement Omni-Channel Strategy For Excellent Brand Experience
Suggestion 4: Offer Value Added Services at Multi-Brand Dealership
Suggestion 5: Invest in Marketing Campaigns
20. Success Case Studies (Cars24, Cardekho.com, CarTrade, Mahindra First Choice Wheels Limited)
20.1. Cars24
Business Model Of Cars24
Revenue Streams of Cars24
20.2. Cardekho.com
Revenue Streams of Cardekho.com
Business Model Of CarDekho.com
20.3. CarTrade
20.4. Mahindra First Choice Wheels Limited (MFCWL)
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